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HOUSTON -(Dow Jones)- General Electric Co. (GE) Chief Executive Jeff Immelt said Wednesday the U.S. should "remain committed" to nuclear energy despite the crisis unfolding in Japan.
In a speech given at the Baker Institute here, Immelt said Americans "should learn" from Japan's nuclear crisis, but continue to develop the technology. "I don't know if it's going to be in this decade or next, but we need a nuclear industry," Immelt said.
Jeffrey Immelt, the head of GE, is facing backlash from left-leaning groups who say that he shouldn’t be on the White House Jobs Council or any other panel in light of reports that the company last year made $14.2 billion in profit, paid zero in corporate federal taxes and actually received a $3.2 billion tax benefit.
Read more: www.foxnews.com...
Thirty-five years ago, Dale G. Bridenbaugh and two of his colleagues at General Electric resigned from their jobs after becoming increasingly convinced that the nuclear reactor design they were reviewing -- the Mark 1 -- was so flawed it could lead to a devastating accident.